ABM ABM Industries Incorporated

Rainbow Municipal Water District to Recoup Estimated $10 Million with ABM’s Water Meter Replacement Project

Rainbow Municipal Water District to Recoup Estimated $10 Million with ABM’s Water Meter Replacement Project

ABM to Replace Aging and Inaccurate Water Meters for the District

NEW YORK, Jan. 24, 2019 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, has initiated a district-wide water meter installation project for the Rainbow Municipal Water District in San Diego County, California. ABM's customized solution will help Rainbow Municipal Water District replace aging and inaccurate water meters with new residential and commercial water meters, including a new Automated Meter Reading (AMR) system. This new equipment will allow the district to recoup an estimated $10 million in lost revenue over the next 10 years. The project launched in October 2018 and is scheduled for completion in June 2020.

The estimated savings of $1 million per year will be achieved by reducing Non-Revenue Water (NRW). NRW is water currently provided to the District’s customers without proper billing due to the current water meters’ inaccurate measurements. The District’s current system is not registering 100 percent of the water delivered to customers, resulting in significant non-revenue water losses. The new AMR system will also allow the district to remotely collect consumption, diagnostic and status data from the new meters, in addition to remote reading and troubleshooting capabilities.

"ABM’s meter replacement solution will provide the Rainbow Municipal Water District with new water meters and an AMR system to reduce its NRW loss," said Mark Newsome, President of ABM Technical Solutions. "Water districts across California are focused on reducing their NRW losses, and ABM is proud to help support this initiative by helping the Rainbow Municipal Water District through this project.”

California has more than 400 water districts. The Rainbow Municipal Water District provides water services to more than 8,000 agricultural, commercial and residential customers across several communities in northern San Diego County. It aims to provide its customers with reliable, high-quality water and water reclamation services, while remaining fiscally sustainable.

In addition to the AMR system, the project will also include several service upgrades with each meter location, including isolation valves to provide customers with the ability to easily turn off water service during emergencies, pressure regulating valves at some locations to safeguard against high water pressure areas, and new meter boxes and lids at most service locations.

“ABM’s customized solution will provide the Rainbow Municipal Water District with an opportunity to recoup a significant amount of lost revenue, without having to tap into capital funds to move this project forward,” said Tom Kennedy, General Manager of the Rainbow Municipal Water District. “California has been under drought conditions for many years now, which has put restrictions on water use throughout our state, causing revenue losses across the board. For our district to have the ability to realize enhanced revenues of an estimated $1 million per year, while upgrading and standardizing the infrastructure of our metering system is a great victory.”

For more information on ABM and other offerings, visit .

Connect with ABM

ABOUT ABM

(NYSE: ABM) is a leading provider of facility solutions with revenues of approximately $6.4 billion and more than 130,000 employees in 350+ offices throughout the United States and various international locations. ABM’s comprehensive capabilities include janitorial, electrical & lighting, energy solutions, facilities engineering, HVAC & mechanical, landscape & turf, mission critical solutions and parking, provided through stand-alone or integrated solutions. ABM provides custom facility solutions in urban, suburban and rural areas to properties of all sizes - from schools and commercial buildings to hospitals, data centers, manufacturing plants and airports. ABM Industries Incorporated, which operates through its subsidiaries, was founded in 1909. For more information, visit .

CONTACT

Media:

Alex Varjan

(212) 297-9737

Investor Relations and Treasury:

Susie A. Choi (Kim)

(212) 297-9721

EN
24/01/2019

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on ABM Industries Incorporated

 PRESS RELEASE

ABM to Announce First Quarter 2026 Financial Results

ABM to Announce First Quarter 2026 Financial Results Conference Call to be Held on March 10, 2026, at 8:30 AM (ET) NEW YORK, Feb. 24, 2026 (GLOBE NEWSWIRE) -- , a leading provider of facility solutions, today announced that it will release its fiscal first quarter 2026 financial results on Tuesday, March 10, 2026, before market open. ABM will host its quarterly conference call for all interested parties on Tuesday, March 10, 2026, at 8:30 AM (ET). The live conference call can be accessed via audio webcast at the ‘Investors’ section of the Company’s website, , or by dialing (877) 451-61...

ABM Industries Inc: 1 director

A director at ABM Industries Inc sold 9,339 shares at 47.228USD and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clear...

 PRESS RELEASE

ABM Completes Acquisition of WGNSTAR, Strengthening Leadership in Semi...

ABM Completes Acquisition of WGNSTAR, Strengthening Leadership in Semiconductor Technical Services NEW YORK, Feb. 04, 2026 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM) a major provider of facility, engineering, and infrastructure solutions, today completed the previously announced acquisition of WGNSTAR, a leading provider of technical and operational solutions for the semiconductor and high-technology industries. Scott Salmirs, President and CEO of ABM commented, “We are excited to officially welcome WGNSTAR’s talented team to ABM. This acquisition expands our technical capabilities in the world...

 PRESS RELEASE

City of Alexandria’s DASH Partners with ABM to Support EV Bus Charging...

City of Alexandria’s DASH Partners with ABM to Support EV Bus Charging Infrastructure ABM’s installation of pantograph charger and foundational electrical infrastructure marks a key milestone in DASH’s fleet electrification strategy NEW YORK, Jan. 15, 2026 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of energy infrastructure and facility solutions, has been selected by the Alexandria, Virginia, Transit Company (DASH), to deliver critical EV charging infrastructure that supports the growing electrification of the city's public bus fleet. Under the agreement, ABM provided an...

 PRESS RELEASE

ABM Strengthens Executive Leadership to Drive Technology, Strategy, an...

ABM Strengthens Executive Leadership to Drive Technology, Strategy, and Growth Melanie Kirkwood Ruiz promoted to Executive Vice President & Chief Information Officer and Tom Gallo to Executive Vice President & Chief Strategy Officer NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- ABM (NYSE: ABM), a leading provider of facility, engineering, and infrastructure solutions, today announced the promotions of Melanie Kirkwood Ruiz to Executive Vice President and Chief Information Officer and Tom Gallo to Executive Vice President and Chief Strategy Officer. Both leaders will continue to report...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch